Britain's economy grew by 0.8 per cent in the first quarter of 2014, compared with output in the final three months of last year. NEW DELHI: Piramal Enterprises on Monday reported a 31.66 per cent rise in its consolidated net profit to Rs 404.08 crore for the quarter ended December 31, 2016, on account of improved top-line performance.

The company had posted a net profit after non controlling interest and share of profit (loss) of associates and joint ventures of Rs 306.91 crore for the corresponding period of the previous fiscal, Piramal Enterprises said in a BSE filing.

Consolidated total income from operations also rose to Rs 2,341.74 crore for the quarter under consideration as against Rs 1,786.01 crore for the same period year ago.

Piramal Enterprises Chairman Ajay Piramal said: "In line with our strategic roadmap, this quarter witnessed new acquisitions, foray into new business segments and robust performance across existing businesses".

The company remains committed to overall business strategy of efficiently allocating capital towards growing both organically and inorganically..., he added.

The company's global pharma business acquired a portfolio of intrathecal spasticity and pain management drugs from Mallinckrodt LLC in Jan 2017. It also acquired a portfolio of five injectable anaesthesia & pain management products from Janssen in Oct 2016, it added.

The financial services business announced its plan to enter the retail housing finance, it added.